Asia Pacific Electric Wall Heater Market: Industry Analysis and Forecast (2024-2030)

Asia Pacific Electric Wall Heater Market Overview:

The electric wall heater market is fostered by the product's energy-saving characteristics that enable the homeowners to decide the heat produced by adjusting the wattage.  Due to swift growth, the increased demand for luxury and accessibility in houses, and quick transforming lifestyles in countries of Asia-Pacific, like Afghanistan, Pakistan, India, Australia, Korea, Fiji, Indonesia, China, Japan, etc., the Electric wall heater market has substantially grown over the last few years. Superiority in terms of energy efficiency, cost, technology, legislation, and ecological awareness, electric wall heaters are being highly sought after over gas-based central heating systems.

 

Electric wall heaters are gaining immense prominence in the domestic bracket owing to their lower cost, unlike their counterparts, including electric hydronic baseboard heaters, which require ducting for HVAC (Heating, Ventilation, and Cooling). These heaters are entirely self-contained; cold air is pulled in through the front, and hot air is blown out, eliminating the need to break into walls and ceilings for ducting.

 

 

To get more Insights: Request Free Sample Report

 

Asia Pacific Electric Wall Heater Market Dynamics:

Market Drivers:

Broan Corporation introduced a highly advanced electric wall heater in December 2020 called ‘Broan 198 Fan-Forced High-Capacity Wall Heater'.  Another major key player, King Electric Corporation, also launched EFW Large 240V Wall Heater with model number EFW2440 - MW- W in 2019. The built-in safety features automatically disconnect the heating elements and motor when unusually high temperatures are detected. 

 

These various electric heaters companies, producing products with varied features, are much in demand in Asia-Pacific, especially in areas where the winters are harsh, such as Russia, Australia, Korea, China etc.

 

Apart from the availability of such new variants, the increasing demand for energy-efficient products has also increased, thus leading to a growth in the Asia Pacific Electric Wall Heater Market. The global electric wall heaters market is projected to grow steadily under the influence of increased adoption of energy-efficient residential and industrial appliances. As electrical heating systems are more efficient than conventional plumbed heating, demand for electric wall heaters is persistently rising. In addition, 100% efficiency in terms of energy conversion leaves behind zero energy wastage, making electric wall heaters more suitable for modern sustainable construction projects.

 

The other essential issues prominent to the evolution of the electric wall heater market in Asia-Pacific are the growth in manufacturing companies and soaring government regulations regarding cost-effective energy products.

 

Raised income levels, high standards of living, and spending power of the customers in Asia-Pacific realizes the need for compact and friendly electric heaters for bathrooms and small spaces. Hence, the need for modernized electronics has risen in the region, fueling the growth of the Asia Pacific Electric Wall Heater Market.

 

Market Restraints:

The emergence of the Covid-19 problem in the Asia-Pacific market, in areas such as Afghanistan, Pakistan, India, Australia, Korea, Fiji, Indonesia, China, Japan etc., significantly disrupted demand for electric wall heaters, putting critical players at risk of losing money.

 

The extensive lockdowns travel bans, and intense supply chain and warehousing disruptions are causing havoc in the market. The pandemic wreaked havoc on the finances of several manufacturing firms in this area. With the advent of COVID-19, more consumers started focusing on their spending in order to avoid spending on luxury items, as most businesses worldwide were significantly affected by the after effects of the pandemic.

 

However, this year is bringing progress, as players have grown more active and are using e-commerce to provide a constant supply of items and services to their users, regardless of distance restrictions; hence, the Asia Pacific Electric Wall Heater Market is expected to lead to growth in the coming years.

 

Stringent government regulations concerning highly efficient heating equipment and the fast growth of the solar water heating industry hinder the Asia Pacific Electric Wall Heater Market growth.

 

Asia Pacific Electric Wall Heater Market Segment Analysis:

Based on the Application, the Electric wall heaters market is classified into non-residential and residential. Asia-Pacific countries are mainly divided into Afghanistan, Pakistan, India, Australia, Korea, Fiji, Indonesia, China, Japan etc.

 

Customers in Asia-Pacific are witnessing a steep rise in the spending power and purchasing luxury items; this has caused the residences to use and increasingly adopt the electric wall heaters in light of increased urbanization rates, fast altering lifestyles, and strong demand for comfort features, which led to the residential segment leading the Asia-Pacific market.

 

Extensive and harsh weather in countries such as Russia, Australia, China, Korea etc. also leads to increased utilization of heat-producing electronics in the residential segment in order to increase home comfort.

 

The non-residential segment has been witnessing growth in recent years; however, the COVID-19 effect and long-term lockdowns have led to a decrease in the use of Electric wall heaters. The non-residential segment has risen over the years, however, it is a minimal increase.

 

 

 

Based on Type, the Electric wall heaters market is classified into 1000 Watt, 1000 to 1600 Watt, 1600 to 2000 Watt, and > 2000 Watt. The Coldness in different areas of Asia-Pacific is different; hence the type in terms of watt of electric wall heaters has vast needs. As a result of the recent trends, increased demand, and climatic changes in various regions of Asia-Pacific, the need for energy-efficient but large-capacity heaters in commercial and residential applications, the 1000 to 1600-Watt segment has the largest market share.

 

These different electric wall heaters are used according to end-user application as well as size of the room or space. While wall-mounted electrical wall heaters are considered more sophisticated, with the evolving consumer demand manufacturers have introduced portable electric wall heaters, particularly for smaller spaces such as bathrooms. In the Asia-Pacific region, the ideal power use of Electric wall heater segment is 1000-1600 watt. The 1600-2000 watt type of electric wall heater holds the second-largest share in the Asia-Pacific market.

 

 

Electric Wall Heater Market Regional Insights:

The Asia Pacific Electric Wall Heater Market is divided into the following areas; Finland, Greenland, Iceland, the UK, Germany, Ukraine, etc.

 

Asia-Pacific is the 4th largest consumer of electric wall heaters, with a CAGR from 2024 to 2030 of 7.8%. Some well-known brands in the Asian-Pacific region are Ferroli, Bradford White, Ariston Thermo, Rheem Manufacturing, Noritz Corporation, State water heaters.

 

Most of these regional players offer cheap-priced and technologically innovative electric wall heaters that help boost their market position and work in favor of the target industry and their needs and wants. Another significant aspect that leads to an increase in the use of electric wall heaters is the developed consumers and increasing Purchasing power of consumers in Asia-Pacific. With higher income, consumers prefer to purchase luxurious products to suit their requirements at homes and offices, driving the growth of the Asia Pacific Electric Wall Heater Market.

 

The market in this region is exemplified by advancing government guidelines and rigorous monitors from Industrial Heating Equipment Association (IHEA) to deliver healthier central heating emulsions to workers. This is anticipated to establish more prospects for the companies to capitalize in the local marketplace in the upcoming years.

 

The objective of the report is to present a comprehensive analysis of the Asia Pacific Electric Wall Heater Market to the stakeholders in the industry. The report provides the most dominant trends in the Asia Pacific Electric Wall Heater Market and how these trends de influence new business investments and market development throughout the forecast period. The report also aids in comprehending the Asia Pacific Electric Wall Heater Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia Pacific Electric Wall Heater Market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key industry players and their recent developments in the Asia Pacific Electric Wall Heater Market. The report studies the company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Electric Wall Heater Market.

 

The report provides Porter's Five Force Model, which helps design the business strategies in the market. The report helps identify how many rivals exist, who they are, and their product quality in the Asia Pacific Electric Wall Heater Market. The report also analyses if the Asia Pacific Electric Wall Heater Market is accessible for a new player to gain a foothold in the market and their entry or exit, and if a few players dominate the market.

 

The report also includes a PESTEL Analysis, which aids in developing company strategies. Political variables help determine how much a government can influence the Asia Pacific Electric Wall Heater Market. Economic variables aid in analyzing economic performance drivers that impact the Asia Pacific Electric Wall Heater Market. Legal factors aid in understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Electric Wall Heater Market.

 

 

Asia Pacific Electric Wall Heater Market  Scope
Market Size in 2023	USD 168.70 Mn.
Market Size in 2030	USD 285.40 Mn.
CAGR (2024-2030)	7.8 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Residential Non-Residential
	by application 1000 Watt 1000-1600 Watt 1600-2000 Watt >2000 Watt
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

 

Asia Pacific Electric Wall Heater Market Key Players: 

• Panasonic Corporation
• Deka, Toshiba Corporation
• A.O Smith
• Whirlpool Corporation
• Racold,
• Bosch Thermotechnology
• Ferroli,
• Bradford White
• Ariston Thermo
• Rheem Manufacturing
• Noritz Corporation
• State water heaters
• Rinnai Corporation